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1. Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month:
1. Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month: Quantity units: Department X Department Y In process, February 1 16,000 10,000 Stage of completion 4/5 40% Started in process 64,000 Received from prior dept. 70,000 In process, February 28 ? 12,000 Stage of completion 2/5 2/3 Costs data: In process, February 1 P 21,020 P20,300 Current costs Materials 28,350 46,800 Labor 15,300 25,200 Manufacturing Overhead 9,180 14,400 In Department X, material application is described to you as follows: 10% is applied at the start of the process; 25% when the process reaches the mid-point; and the remainder, when the process reaches 85% completion. Labor and Overhead are applied evenly throughout the process. In Department Y, the application of material is described as follows: 20% when the process is '1/4 completed; 30% when the process is '1/2 completed and the balance, at the end of the process. Both departments use the FIFO method.
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